#KahliBuds #MMJ #CBD #THC

California Gov. Gavin Newsom (D) announced on Saturday that he signed several marijuana-related bills into law—including one that will let legal businesses take advantage of more tax deductions—but also vetoed another measure that would have allowed some patients to use medical cannabis in health care facilities.

Under a section of current federal law known as 280E, marijuana growers, processors and sellers are unable to deduct expenses from their taxes that businesses in any other sector would be able to write off. Until now, California policy simply mirrored the federal approach.

Please visit Forbes to read the rest of this piece.

(Marijuana Moment’s editor provides some content to Forbes via a temporary exclusive publishing license arrangement.)

Photo courtesy of Carlos Gracia.

The post California Governor Signs Marijuana Tax Fairness Bill But Vetoes Cannabis In Hospitals appeared first on Marijuana Moment.

420GrowLife

via www.KahliBuds.com

Tom Angell, KahliBuds, 420GrowLife